Product Note on Varun Beverages Limited IPO

-
 
                                         Product Note on Varun Beverages Limited IPO
 

 

Company

Varun Beverages Limited

Profile

Varun Beverages Limited is one of the largest franchisee in the world (outside USA) of carbonated soft drinks ("CSDs") and non-carbonated beverages ("NCBs") sold under trademarks owned by PepsiCo. Company produce and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands produced and sold by company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Mountain Dew Game Fuel, Seven-Up Nimbooz Masala Soda, Seven-Up Revive and Evervess. PepsiCo NCB brands produced and sold by Company include Tropicana Slice, Tropicana Frutz (Lychee, Apple and Mango), Nimbooz as well as packaged drinking water under the brand Aquafina. In addition, Company have also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka

Offer Period

Opens On :  Wednesday, October 26, 2016

Closes On :  Friday, October 28, 2016

Price Band

Rs.440/- to Rs.445/- per equity shares

Bid Lot

33 equity shares & multiple of 33 equity shares thereafter

Issue Size (In Shares)

Offer: 2,50,00,000 Equity Shares

Fresh Issue: 1,50,00,000 Equity Shares

Offer for Sale: 1,00,00,000 Equity Shares

Employee Reservation: 500,000 Equity Shares 

Net offer: 2,45,00,000 Equity Shares

Issue Size (In Rs.)

Rs.1100 Crs. at Lower price band & Rs.1112.50 Crs. at upper price band

QIB

50 % of the Issue

NIB

15 % of the Issue

Retail

35 % of the Issue

Mode of Payment

ASBA Mandatory (No Cheques will be accepted)

Registrar

Karvy Computershare Private Limited

Listing

NSE and BSE

 

Comments

Post a Comment

You are requested to mentioned your full name with email id while commenting.




I would like to request you to join our following services.
It is the smartest way to stay on top of latest Mutual fund, Bonds & IPO News .

 Product Updates on whatsapp


 Product Updates on Email 

                                                   
 Product Updates on Telegram



You will get daily news updates for FREE. 
I also request you to spread the world by referring us to the smartest people you know.  

To share it with your friends, 
just Copy below message it & paste in your group

Subscribe to Our WhatsApp, Email & Telegram Update Service ! https://bit.ly/3ryhxBM
     

Popular Posts

FinMin to give in-principle approval for UTI Mutual Fund IPO soon

-
FinMin to give in-principle approval for UTI Mutual Fund IPO soon Country's oldest fund house UTI Mutual Fund may revive its initial public offer (IPO) plan after Finance Ministry's nod which is expected soon. "There is proposal for IPO of UTI Mutual Fund and the Finance Ministry is looking at it. The Ministry after consideration can give in-principle approval for public offer," sources said. Government has stake in the UTI Mutual Fund through public sector banks and insurance companies. State Bank of India, Punjab National Bank, Bank of Baroda and LIC holding stake in UTI Mutual Fund on behalf of government of India. State Bank of India, Punjab National Bank, Bank of Baroda and LIC jointly owns 74 per cent stake in the fund house while remaining 26 per cent stake is with the US-based investment firm T Rowe Price. In 2008, UTI Asset Management Company deferred its IPO ownin g to uncertain market conditions. The fund house had proposed to sell 4.8 cror...
Read more

Key Trigger Points for Market

-
All eyes in the market will be on Friday's nonfarm payrolls data, which will provide new clues on how well the US economy is recovering and how fast the Federal Reserve might unwind its stimulus programme, which it began to taper last month, and how long it will keep its interest rates low. Before Friday's jobs report, investors will focus on the minutes of the Fed's December policy meeting {for insights on the voting members' stance on the bond-buying programme, known as quantitative easing } ,due out on Jan 8 thursday. India will release November factory output on January 10, the first important data ahead of the Reserve Bank of India's monetary policy review on January 28. Industrial output data, IIP, will be followed by the more important December consumer and wholesale inflation data in the week starting Monday, January 13, amid widespread expectations food prices have substantially eased last month. Thanking you Regards, Rajesh Kumar Kathpalia...
Read more

Reliance Mutual Fund lowest bidder for managing NPS

-
Reliance Mutual Fund lowest bidder for managing NPS MUMBAI: Reliance Mutual Fund has emerged as the lowest bidder among the fund managers qualified to manage funds in National Pension Scheme (NPS) for private sector on behalf of the sector regulator PFRDA. Its bid of 1 paise for every Rs 100 worth of NPS funds was way below the other nine bidders, which included UTIMF, DSP Blackrock MF and HDFC Pension Fund Management, a wholly-owned subsidiary of HDFC Standard Life. Bids by all the other nine entities were between 15 paise and 25 paise per Rs 100 worth of funds, sources said. In the next stage, according to PFRDA's request for proposal for bids that was published earlier, all the bidders who bid higher than Reliance MF, will be asked to match the lowest bid, that is Reliance MF's. The fund managers who finally qualify under this round of bidding will manage NPS funds of between Rs 500 crore and Rs 1,000 crore, sources said. Industry players, however, said that Relianc...
Read more